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May 9, 2014
08:02 EDTBECNBeacon Roofing reports Q2 EPS (25c), consensus (6c)
Reports Q2 revenue $384.9M, consensus $416.84M. Paul Isabella, the company’s President and CEO, stated: “Severe winter weather that ranked among the 10 coldest on record in many states across the upper Midwest to the Southeast had a significant impact on our results this quarter. Multiple winter storms that brought record snowfall and freezing rain delayed both residential and commercial roofing projects across our core markets. However, during this period of soft demand we utilized the strength of our balance sheet to make strategic investments in equipment and inventory to grow our business. We believe these investments, along with employee training and our greenfield expansion, will help us maximize our opportunity related to re-roof growth, which is the bulk of our core business. We are especially excited about opening our eighth new branch of the year and are planning on as many as 25 for the full year. Finally, we remained focused on our long standing culture of cost control and leveraging of our operating expenses. All these actions have us well positioned to take advantage of the traditionally high seasonal demand in the second half of the year. We believe the second half of the year volume will be strong for both our residential and commercial markets.”
News For BECN From The Last 14 Days
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November 25, 2015
08:46 EDTBECNBeacon Roofing price target raised to $49 from $40 at Baird
Baird raised its price target on Beacon Roofing to $49 from $40 following better than expected Q4 results and guidance. The firm cited signs of improvement in residential re-roofing, gross margin trends and continued excellent expense discipline. Baird reiterated its Outperform rating on Beacon Roofing shares.
November 24, 2015
10:56 EDTBECNBeacon Roofing says majority of company's acquisitions tuck-in
10:55 EDTBECNBeacon Roofing says environment 'fertile' for acquisitions
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10:19 EDTBECNBeacon Roofing says November trending ahead of last year
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10:12 EDTBECNBeacon Roofing sees FY16 EPS 'in the range of $1.80,' consensus $1.81
Notes that current FY16 analyst consensus is "a wide range," with a high of $2.00 and a low of $1.60.
10:11 EDTBECNBeacon Roofing sees FY16 revenue $3.8B-$4B, consensus $3.88B
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08:02 EDTBECNBeacon Roofing reports Q4 adjusted EPS 75c, consensus 69c
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November 18, 2015
13:27 EDTBECNBeacon Roofing management to meet with William Blair
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